Compulsory insurance is a type of insurance that is required by law before you can engage in specific activities. This kind of insurance is meant to protect you from harm in some way, an example would be the legal requirement to have auto insurance to drive a car or having health insurance in the United States.
Non compulsory insurance is pretty much everything that you are not required to have, insurance such as travel insurance, life insurance, phone insurance, etc. Although it is a good idea to get these, they are not required.
Non compulsory basically means voluntary while compulsory means required.
Answer:
.C) The sum of the debits will exceed the sum of the credits by $230
Explanation:
Double Entry Accounting require that a debit entry must have an equal credit entry to make the entry / Trail balance balanced.
The entry that should be recorded.
Dr. Office Supplies $290
Cr. Cash $290
The entry that have been recorded.
Dr. Office Supplies $520
Cr. Cash $290
The office supplies account is overstated by $230 ( $520-$290). This is an debit nature account and the so, the debit side is exceeded by $230.
Answer:
The correct option is A. will go down.
Explanation:
Note: This question is not complete as the answer choices are omitted. The complete question is therefore provided before answering the question as follows:
If a consumer withdraws money from his deposits at the bank (banking leakage), then the monetary base and money supply
Group of answer choices
A. will go down
B. monetary base will go up and money supply will go down
C. will go up.
D. will remain unchanged
The explanation of the answer is now provided as follows:
The monetary base (or M0) is the total amount of a currency that is either in general circulation or retained in the central bank's reserves in the form of commercial bank deposits.
Money supply a country's entire amount of money in circulation or in existence.
Since each money supply and monetary base has an element of money in circulation, both the monetary base and money supply will go down if a consumer withdraws money from his deposits at the bank (banking leakage).
Therefore, the correct option is A. will go down.
Answer:
7,691 stocks
Explanation:
total market value = $584,000
total outstanding stocks = 22,800
price per stock = $584,000 / 22,800 = $25.614 per stock
management can repurchase $197,000 / $25.614 per stock = 7,691.1 = 7,691 stocks
stocks outstanding after repurchase = 22,800 - 7,691 = 15,109 stocks
the answer is B) it keeps your browsing completely hidden from everyone
